What You Need to Know About the PMP EXAM!

Published: Sun, 03/25/12


 
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In this issue...

Cornelius Fichtner, PMPHello ,

This week, we are featuring the article "PMP Exam Questions And Answers Webinar". In this 1 hour long webinar Cornelius Fichtner, PMP answers dozens of questions about the PMP Exam.
 
Other helpful information on this week's issue include:

  • The March 2012 discount coupon on The PM Exam eFlashcards.

  • Our recommended study material: Head First PMP: A Learner's Companion to Passing the Project Management Professional Exam by: Jennifer Greene PSE

  • 90 Days More Access to The PM Exam Simulator

  • Correction of Last Week's Sample Question

  • PMP exam sample question and answer.

  • PMP exam tip: Read and Practice more...

Read on and Enjoy!

Until Next Time,
Cornelius Fichtner, PMP

President, OSP International LLC

Last Chance: March 2012 Discount Coupon

For our next amazing deal and offer, we bring you a $9.99 discount coupon for The PM Exam eFlashcards!  Instead of paying the regular price of $29.99, you can get The PM Exam eFlashcards for just $20.00.

This offer is good from March 1-31, 2012 only. Details are as follows:

Product: The PM Exam eFlashcards
Regular price: $29.99
Discount: $9.99%
Price after discount: $20.00
Coupon validity: Mar. 1 - 31, 2012
Coupon code: Mar12
 
Redeeming this great deal is easy!  First watch this video here http://www.youtube.com/watch?v=8tG81gp6AuQ to learn how to use the coupon and then go to our website at http://www.project-management-flash-cards.com/ where you begin by clicking on "Order" at the top. (Please note that our coupons are only available for new purchases and cannot be applied as a refund if you purchased earlier.)
 
Sign up for our free newsletter to get the latest coupon codes, amazing deals and promos for our featured products each month!  Our coupon codes can also be found on our websites so look out for them and don't let the opportunity pass you by.

Order now as this is only a one time limited offer that you cannot get anywhere else!

90 Days More Access to The PM Exam Simulator

Did you fail the PMP exam on your first try and would want to continue with your PMP exam studies to have another shot at taking the PMP exam?

Worry no more. You asked, we listened. We are happy to announce that customers of The PM Exam Simulator who didn't pass their exam will receive a free 90 day extension upon request.

Here is how:

  • You are a paying customer of The PM Exam Simulator.

  • You did not ask for a refund on your account.

  • You took your PMP exam but didn't pass it.

  • Send a scanned version of your PMP Exam Score Report to support@pm-exam-simulator.com within 45 days of the failed exam attempt. (Don't have a scanner? Take a picture with your electronic camera.)

In the email please tell us first name, last name and email address from your simulator account.

This extension will give you the opportunity to take advantage of the features and benefits of the PM Exam Simulator as you prepare to retake the PMP exam.  More time means more practice and a lot of practice can make anyone ready to take on the exam.

PMP Exam Guide Reviews

In this page we recommend 6 PMP Exam Prep Guide books  and allow you to learn more about it before deciding to buy. You also have the option to rate the book by clicking on the stars at the top of each review.

These books will help you raise your PMP Exam score with just a few hours of study. Written by PMP Exam experts.

Read more here.....

Recommended Study Material: Head First PMP: A Learner's Companion to Passing the Project Management Professional Exam by: Jennifer Greene PSE

The Head First PMP: A Learners Companion to Passing the Project Management Professional Exam (Disclosure: Compensated Affiliate) offers a fresh perspective on preparing for the PMP Exam certification. Not the typical, dry PMP preparation book, this one explains the current principles and certification objectives in The PMBOK Guide, 4th Edition in a clever and entertaining way.

Instead of simply loading yourself with heavy words and formulas to memorize, Head First PMP works with the brain by using a very engaging, visually rich format:  mental games, stories, questions, answers and graphics. The author uses the latest research in neurobiology, cognitive science, and learning theory to simplify the difficult four-hour PMP exam. The multi-sensory approach makes it very easy for you to retain the information that you need for the exam.

This book will help you:

  • Pass the certification exam with flying colors. It has a strategy on the underlying concepts that make The PMBOK Guide principles more manageable to understand.

  • Learn everything you need to know for the exam.  It has one hundred percent coverage of the latest principles and certification objectives in The PMBOK Guide, 4th Edition.

  • Test yourself thoroughly and effectively. It has hundreds of practice questions and exam strategies that will gauge your readiness to take the exam.

  • Explore the material through puzzles, games, problems, and exercises that make learning easy and entertaining. It has all these fun and witty methods designed for you not to get bored!

With Head First PMP: A Learners Companion to Passing the Project Management Professional Exam, you can apply the principles not only to the exam, but also to your everyday work life.

For more information and customer reviews, click here!

Full Disclosure: Head First PMP: A Learners Companion to Passing the Project Management Professional Exam is an affiliate product. If you click and choose to purchase the book, we will earn a commission.


The values of PMI®

Daniel Hendling, PMP(PMI Austria Chapter) about the PMI® Code of Ethics and Professional Conduct.

For some of us it might have been a while, though it is still valid for each and any of us. The PMI® Code of Ethics and Professional Conduct. If your PMI® certification has been a while ago you might have got to know a former version of it. In the past there were different Codes - today there is just one Code of Ethics and Professional Conduct, binding for all of us.

The Code of Conduct describes the professional behaviour which is mandatory for you working in a PMI® context. The rules mentioned in this article concern aspects which en-able you to work in a sustainable manner.

The core values supporting the Code of Conduct are as follows:

  • Responsibility

  • Respect

  • Fairness

  • Honesty

It consists of aspirational and mandatory standards. Though as a matter of fact your compliancy with its aspirational standards is harder to measure or link to hard facts, they are similarly binding for you like the mandatory standards. They are not optional. The mandatory standards consist of clear behavioural guidelines according to PMI's core values. Not sticking to them might lead up to disciplinary measures by the PMI Ethics Review Committee.

To whom does the Code apply?
The Code of Conduct applies to each individual which:

  • is Member of the Project Management or

  • is not a PMI member, but is owning a PMI® certification or has started a PMI certification, or

  • is supporting PMI® as a volunteer.

How can the Code support you?
For you as a person the Code of Conduct can help you performing your work according to ethical and professional aspects. As the Code of Conduct applies to everyone working according to the PMI standard it ensures that everyone has the same idea and understanding of which criteria apply to their way of working.

If you want to drive the establishment of sustainable project management within your company the Code of Conduct may help you as a binding, formal reference.

This article reflects certain aspects of the Code, which have a sustainable effect on your project work. Nevertheless the whole Code is mandatory for you. It is recommended to read the whole Code of Conduct again, just to be reminded of the full range of its contents. You find the PMI® Code of Ethics and Professional Conduct in the relevant handbook, e.g. the PMP® handbook.

Responsibility.
The Code is pretty clear on the fact that each of us is responsible for what we are doing, our decisions and any of their consequences. Especially the consequences on society, public safety, and the environment. If you're making a mistake - which might be making mistakes as well as omissions - you have to react immediately. In order to recognise a mistake you need to know any existing rules and laws. The Code of Conduct obliges you to inform yourself and work according to these. If you discover that someone else doesn't stick to the Code's standards or any other mandatory rules you have to inform the appropriate body, e.g. the management. And optionally the person themselves. Not the other way around, but of course only, if your accusation is substantiated by facts.
 
Respect.
The Code of Conduct sees here your obligation to take care of yourself and others. This includes people, money, re-putation, the safety of others, and natural or environmental resources. Treating each other in a respectful way means mutual trust, confidence and fostering collaboration. In negotiations you lay all cards on the table. You do not exercise the power of your expertise or position to influence the decisions or actions of others in order to benefit personally at their expense. You stay at eye-level with everyone.

Respect includes supporting an environment of diversity, in which everyone's opinion and view is accepted and valued. Values, norms and customs are different among people, societies and countries. The Code of Conduct obliges you to get to know them (simply by asking) and behave without offending any of them. This obligation is not just up to yourself: You also have to make sure that within the project team everyone behaves accordingly.

Fairness.
Fairness means that you act and decide impartially and objectively. Independent from your own interests, which might be conflicting, free from prejudice and favouritism. Everyone gets the same opportunities. Each decision making process is transparent and visible to everyone. Potential and real conflicts are anticipated and dealt with proactively, especially if they are conflicts of interest. Knowledge and information is available to everyone.

Any type of discrimination is out of the question.

Honesty.
Considering the Code of Conduct we are obliged to communicate and act honestly. This means to earnestly seek to understand the truth, and to decide and act in a truthful manner. Truth includes giving accurate and reliable information in a timely way. If you are not sure whether any information is correct, you have to question it.

Our obligation includes the ability to tell the truth even if this is not comfortable to everyone. And to create an environment where everybody feels safe to say the truth. Definitely not acceptable is any kind of making misleading or false statements or withholding information.

It is important to understand that the Code of Conduct gives us a fundamental guidance in all our behaviour - not limited to certain situations, people or organisations. It applies to all our work, not just the project team or the most important stakeholders. And it doesn't just affect situations here and today, but also in our future.

Daniel Hendling, PMP, works as Deputy President and Board Member of PMI's Austria Chapter (PMI Austria Chapter) being responsible for Volunteers and Membership. He supports the PMI Educational Foundation, PMI's social arm, developing educational programs for young people in project management.

PMP Exam Questions And Answers Webinar

In this 1 hour long webinar Cornelius Fichtner, PMP answers dozens of questions about the PMP Exam. In particular he looks at:

  • What topics are on the PMP exam and how many questions per topic?

  • Did the PMP Exam recently change?

  • Is the PMP exam based on PMBOK® Guide 4th or 5th Edition?

  • What is the PMP Exam passing score

  • Where can I find good PMP Exam sample questions?

  • How do I know that I'm ready to take the PMP exam?

  • What is the best way of studying for the PMP Exam?

  • What goes on a PMP Exam "brain dump" sheet?

  • And many more live questions asked by the audience during the webinar

Watch this video to learn more:http://bit.ly/GIJ57W

Correction of Last Week's Sample Question

Last week we asked "What is the need for doing a qualitative risk analysis?" and then said that the answer was (A) To develop options and actions to enhance opportunities and to reduce threats to project objectives. That was of course incorrect. The correct answer should have been (C) To prioritize risks for subsequent further analysis or action by assessing and combining their probability of occurrence and impact.

We apologize for this typo!

Here is the Question:

What is the need for doing a qualitative risk analysis?

A) To develop options and actions to enhance opportunities and to reduce threats to project objectives.
B) To determine which risk might affect the project.
C) To prioritize risks for subsequent further analysis or action by assessing and combining their probability of occurrence and impact.
D) To decide how to approach, plan and execute the risk management activities

Sample PMP Exam Question

Question: You are managing a construction project. One of the milestone is due to be achieved in the next few days. You have heard that prices of row materials are likely to increase. If this happens, that can cause interruption to the supply of raw materials and which can delay your project. There is 20% chance that this change will happen and it can cause you an impact of $50,000 due to the delay. If change does not happen, you can achieve the milestone and the customer will award you $10,000 as a bonus. What is the EMV of this risk?

A. -2000
B. 2000
C. -18000
D. 18000

Hint: Take the opportunity as a positive value and the threat as a negative value for the EMV calculation

All our questions are updated to the latest PMBOK Guide standard. Stop by at http://free.pm-exam-simulator.com and try the PMP Exam Simulator free for 3 days.

We also offer 110 free questions at http://www.free-pm-exam-questions.com. We are a PMI Registered Education Provider.

Exam Tip:Answer at least 1,000 Sample Questions

One of the important aspects of preparing for your PMP Certification is going through a process of answering a series of sample questions that are purposely meant to test your readiness for the big day. As you may already have realized, studying for the exam requires a lot of work, including taking numerous sample tests to find out if you can cope with the question format of the actual exam.

This is why we recommend that you take at least 1,000 PMP sample questions. This means that you simulate a complete 4 hours exam to gauge your ability to finish the actual exam on time. As a general rule of thumb: If you are able to correctly answer at least 85% or more of the practice questions on your first try, then you are ready for the PMP Certification Exam.

It is important that you take these sample exams as they prepare you for the rigors of the exam day, and the type of questions that will be asked. It is even possible that you will encounter questions similar to the ones on your sample tests during the actual exam.

Remember that PMI does not release the actual number of questions that you need to answer correctly in order to pass. They are very vague about it and you can read up on the exact scoring system in the PMP Handbook. The best that you can do is to take a shot at practicing with sample exams. That helps you to get prepared.

Answer and Explanation

The Correct Answer is A.

Explanation: EMV is calculated by multiplying the value of each possible outcome by its probability of occurrence and adding the products together. Further opportunities are taken as positive values while threats are taken as negative values. There is 20% chance that you will lose money and 80% chance that you will save money. Using the EMV formula (20% * -50,000) + (80% * 10,000) = -2,000.

Choice A is the correct answer to this question

Any "Lessons Learned" you would want to share from your PMP Exam journey?

Here is what Susana Reyna, PMP has to say about his PMP Exam success..

I failed in August 2011 and I tray again in March 2012 and I Passed.

Just believe if you want you can.

The following points is important for whom they want to pass the PMP exam :

Understand each process within process group & knowledge area then relations between them.

The following points is important for whom they want to pass the PMP exam :

  • Understand each process within process group & knowledge area then relations between them.

  • Read more than source of material Eng. Bahaa material ( EGYPT), PMBOK, & PrepCast & Rita.

  • Practices as you can.

  • Long term study plan for working people.

  • The exam main concept as following :

    • Stress on conflict types.

    • Change control.

    • For unusual as Egyptian expectation in the exam may ask in the same area 2 or 3 questions for example: 3 questions types of conflict solution and correct answer for 3 different questions are the same.

    • Forms are very simple (Cost- communication channel)

  • It is important to success in planning & executing process group.

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